The Public Services Reform (Insolvency) (Scotland) Order 2016 No. 141

Receivership

Removal of restriction on appointment of receiver to property in Scotland

2.  In section 51 of the Act (power to appoint receiver) repeal subsection (2ZA)(1).

Receiver as agent of company - treatment of liabilities relating to contracts of employment

3.  In section 57 of the Act (agency and liability of receiver for contracts) repeal subsection (2D)(2).

Verification of company’s statement of affairs

4.  In section 66(2) of the Act (company’s statement of affairs) for “be verified by affidavit” substitute “contain a statutory declaration”.

(1)

Section 51(2ZA) was inserted by article 2(b) of S.S.I. 2011/140.

(2)

Section 57(2D) was inserted by section 3(4) of the Insolvency Act 1994 (c.7).